President Obama read F. A. Hayek's The Road To Serfdom and you will understand why the European Union and now we, the United States, are going down the failed road of centralized planning. No country that has ever embarked on a complete centralized planning process has ever sustained itself in the long run. The problem is in our society, which is now becoming even more complex and large (global in nature), that it cannot master the various complexities and constantly changing local, national and global nuances. According to Hayek, a centralized government that tries control all the aspects of that society cannot do so efficiently and eventually grinds itself into the ground as a failed state.
F. A. Hayek, a Nobel laureate in economics is still a strong and reasoned voice to listen too...now 20 years after his death.
Underwood Not Throwing in Towel to Pritzker’s Choice
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With three Black women among those being mentioned to replace retiring U.S.
Senator Dick Durbin, only one–Loren Underwood–has won in a formerly
Republica...
17 hours ago